A Journal Entry Which Records Revenue Must Include

question 33

Multiple Choice

A journal entry which records revenue must include:

• A)A debit to Cash.
• B)A credit to a revenue account.
• C)A credit to the owners' equity account.
• D)A debit to the owners' equity account.

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Definitions:

Specific Brand

A particular brand that is identified or specified, often distinguished by its unique name, logo, and product attributes.

Order Instrument

A financial document or tool that directs the payment of money, often used in transactions to specify the payer and payee.

Negotiable

Capable of being discussed or modified in order to reach an agreement, or in terms of financial instruments, able to be transferred or assigned from one party to another.

Identified Person

An individual who has been recognized or named in a specific context or for a particular purpose.